DEFICIENCY JUDGMENT
A judgment made by a court against a debtor indicating that the sale on a foreclosed piece of property did not cover the outstanding mortgage in full. It is a lien placed on the debtor for further money. A deficiency judgment is not considered by the court unless the lender makes a motion for it to be granted. If the lender does not make the motion, then the court considers the money gained from the foreclosed property to be sufficient. A debtor who receives a deficiency judgment may seek exemption from the lender or other creditors, file a motion to have the judgment overturned or, if necessary, declare bankruptcy.
POPULAR TERMS
USDX
U.S. Dollar Index (USDX) is a measure of the value of the U.S. dollar in relation to the majority of its most important trading partners.
Capacity Management
The operations of the capacity of a company’s resources, such as its inventory, technology and equipment, manufacturing and office space, raw ...
Owner Financing
When a buyer finances the purchase straight through the person selling it. This often happens when the prospective buyer can’t obtain funding ...
Compound Option
Option beneath another option. It gives opportunity to buy or sell an option, hence having two strike prices and two exercise dates. This option ha ...
Form 1120S
A tax document used to report the income, losses and dividends of S corporation shareholders; it is an S corporation's tax return. Form 1120S i ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
An Introduction to Student Loans
A college education is one of the most essential investment in a person’s life. Unfortunately, in this time and age, it has also become one o ...
Starting Your Own Small Business: Financing a Business
After choosing the business you want to go into, regardless of the line of business, you need a startup capital in order to keep the business going ...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
A Guide to Becoming a Finance Expert
Wouldn’t it be nice not having to rely on another person when managing your funds? Aside from the added convenience it brings, being able to ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:00 | MI Inflation Gauge | Oct | |
02:00 | MI Inflation Gauge | Oct | |
02:30 | ANZ Jobs Advertisements | Oct | |
02:30 | ANZ Jobs Advertisements | Oct | |
10:15 | PMI Manufacturing | Oct | |
10:15 | PMI Manufacturing | Oct | |
10:45 | PMI Manufacturing | Oct | |
10:45 | PMI Manufacturing | Oct | |
10:50 | PMI Manufacturing | Oct |